ABSTRACT
We have seen that, to a great extent, Lindahl builds on Wicksell' s ideas on macroeconomic theory (cp. above sect. 1:3), but he does not espouse Wicksell' s notion of a normal rate of interest. In fact, he more or less discards the whole notion of a normal rate. However, it is crucial to expose that the abandonment of the normal rate implies a substitution of Wicksell's static method for temporary equilibrium. Furthermore, it is shown that the penetration of the meaning of the normal rate of interest spills over into a sequence analysis. Lindahl's analysis served later as an inspiration for Myrdal's Monetary Equilibrium, which is both a critique of Lindahl's position and an attempt to reconstruct Wicksell's version of the normal rate.
